How One Employer Reduced Healthcare Costs by 20%

As a nonprofit organization, Omaha Home for Boys needed a healthcare strategy that could deliver long-term stability and predictable costs.

Like many small and midsize employers that self-insure independently, the organization faced rising healthcare costs and the financial uncertainty of large claims and year-to-year volatility. Leadership began looking for a way to strengthen their existing self-funded strategy with greater protection from large claims and more predictable long-term costs.

After attending a Prospective Members’ Meeting and evaluating their options, Omaha Home for Boys joined ParetoHealth in 2023. Since then, the organization has gained greater control over its healthcare spend, leveraged cost-containment solutions to reduce costs, and built a multi-year approach to managing health benefits.

CHALLENGE

Rising healthcare costs were creating pressure across the business

Omaha Home for Boys needed a more predictable way to manage healthcare costs without sacrificing the quality of benefits offered to employees. Operating on a lean budget also required a healthcare strategy that could support long-term financial planning.

Leadership wanted greater ownership of healthcare spending so they could better understand and influence future costs. At the same time, the potential exposure to catastrophic claims created uncertainty around future healthcare spend.